Viva Energy REIT (VVR)

Overview

Viva Energy REIT owns 425 service stations that are part of the Coles-Shell alliance. It leases them to Viva Energy Group which in turn sub-leases them to Coles, which operates both the fuel retailing business and the convenience stores on site. Viva Energy Group was created in August 2014 when global energy and commodities company Vitol led a consortium to purchase Shell's Australian fuel refining, marketing and retail business. In 2016, Viva Energy Group spun off its freehold service stations in a sale and leaseback transaction to create Viva Energy REIT.

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